HARTFORD, Conn., May 1, 2012 /PRNewswire/ -- Virtus Global Multi-Sector Income Fund (NYSE: VGI), a diversified closed-end fund, declared its monthly distribution as follows:

(Logo: http://photos.prnewswire.com/prnh/20090105/NEM020LOGO )

The fund seeks to maximize current income while preserving capital by giving investors an opportunity to benefit from broadly diversified holdings across the major domestic and international fixed-income sectors.  It is managed by Newfleet Asset Management, LLC., which specializes in multi-sector fixed income investing.

Distributions may represent earnings from net investment income, capital gains, and/or return of capital.  Any portion of the fund's distributions that is a return of capital does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income."  The tax status of distributions will be determined at the end of the taxable year.

For more information on the Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the closed end fund section on the web at www.virtus.com.

SOURCE Virtus Investment Partners